That means the Cavs won't be able to execute an opt-in-and-trade with LeBron since the deadline to opt in is June 29.

Vardon seconded Wojnarowski's report by adding that James presently "doesn't know" what his NBA future holds.

The 33-year-old forward is coming off a remarkable year that saw him average 27.5 points, 9.1 assists and 8.6 rebounds per game during the regular season. James then played even better in the playoffs, averaging 34.0 points, 9.0 assists and 9.1 rebounds per contest.

Although LeBron went to four straight NBA Finals with the Cavs and has appeared in eight straight Finals individually, there may be far more appealing options available to him in free agency.

James' supporting cast left plenty to be desired after Kyrie Irving got traded to the Boston Celtics in the offseason, and his current situation is reminiscent of the one that saw him leave Cleveland in favor of the Miami Heat in 2010.

In March, Kevin O'Connorof The Ringer reported James would consider re-signing with the Cavs, as well as joining the Philadelphia 76ers, Houston Rockets or Los Angeles Lakers.

There is no indication that LeBron is anywhere near making a decision, and that likely means the Cavaliers will be forced to take an all-or-nothing approach with their superstar player heading toward free agency.